Form 4: Intercontinental Exchange Executive Douglas Foley Reports Stock Transactions

Douglas Foley, SVP, HR & Administration at Intercontinental Exchange, reports acquisition and disposal of common stock related to performance-based restricted stock units.

Summary

• Douglas Foley, a Senior Vice President at Intercontinental Exchange, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 18, 2025, Foley acquired 2,875 shares of common stock related to performance-based restricted stock units (PSUs) granted on February 12, 2024.
• The vesting of these shares was contingent upon the achievement of certain 2024 EBITDA performance targets.
• Also on February 18, 2025, 431 shares were withheld to cover the Issuer's tax obligations at a price of $166.71.
• Following these transactions, Foley beneficially owns 27,333 shares of common stock.
• This total includes 22,184 shares of common stock, 1,795 unvested restricted stock units (RSUs), and 3,354 unvested performance-based restricted stock units (PSUs) for which the performance period has been satisfied.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.

Future Outlook

The number of shares to be issued pursuant to the 2023, 2024 and 2025 three-year total shareholder return PSUs and the 2024 and 2025 three-year EBITDA PSUs will be determined in February 2026, February 2027 and February 2028, respectively, and will be reported at the time of vesting. The number of shares to be issued pursuant to the Deal Incentive Awards will be determined in December 2026, December 2027 and December 2028 and will be subject to additional time-based vesting conditions and, if applicable, a subsequent one-year holding period.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Next Steps

• Future vesting of restricted stock units will occur on February 15, 2026, and February 15, 2027.
• The satisfaction of performance conditions for PSUs will be determined in February 2026, February 2027, and February 2028.

Key Dates

Keywords

Form 4, Beneficial Ownership, Intercontinental Exchange, ICE, Stock Transaction, Restricted Stock Units, Performance Based Units, Douglas Foley